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? >> when i listen to senator boehner and mitch mcconnell yesterday, and when they sound somewhat willing to compromise, if you look behind what they're saying, they're not willing to compromise in any way that touches wealthy americans. because if you eliminate breaks, you're eliminating both the income tax rate and the capital gains rate and the dividend rate and the estate tax rate, then all you're dealing with are things like home mortgage deductions, eitc, child tax credit, preferences for your 401(k), all of the things that actually disproportionately affect middle-class americans and working americans, not the wealthy. so, they're really hiding behind this kind of rhetoric of let's deal with the preferences. but the preferences really don't touch the rich. >> so what is the solution that you would like to face? >> well, you know, i'm in line with the president that we need to deal with rates on the highest income americans. i'm not at all set on $250,000. i think that is a number that really is probably the wrong number. i had conversations with the white house. i don't know why th
, the other thing to watch out for is the fact senator mcconnell, normally a kaubs, very cautious politician by nature will look over his shoulder to make sure he doesn't face a tea party challenge. all of that together, i think, makes it a toxic atmosphere and something we will have to all watch carefully. >> now you -- do you believe that the president is giving up leverage if the republicans don't believe he'll go over the cliff? >> yes. >> and you think he has sent a message that he's willing to go over the cliff? >> i think he sent the message and i'm prepared to reiterate that. >> you think the president is willing to go over the cliff? >> i believe that he is prepared -- >> i have not heard that from him. >> you are looking at the fact that come january 1st if there's no agreement taxes will go up on everyone. including the middle class. i think that's a politically unsustainable position. that the republicans are going to come to regret but, yes, you're right. you haven't heard it yet from the president. he needs to keep his flexibility open as we go into these negotiations but i thi
street journal" this weekend, where mcconnell said he's willing to pay the ransom. meaning he's willing to sign off on higher taxes for the wealthy, which obama is demanding. the democrats have the leverage and the republicans recognize that and the republicans will compromise in some way on the tax issue. my issue and question is this. there was a civil war in the republican party the last time republican members of congress voted for a atax hike in 1990 under george bush sr. is this a situation for the next six weeks republican leaders pretend there's no deal coming and pretend they fight it tooth and nail. we get to december 29th and dictator obama forced this on us. is that the game mcconnell and boehner play here? >> i think they know that game won't play well. they have to play it. everyone has to take a sacrifice here, and when you do the numbers with america's finances to keep the entitlements entact, if slightly different from today, to keep social security intact and get the economy back and growing, everyone has to take a little bit of a hit, whether it's the private equity g
in congress. his interview with senate leaders harry reid and mitch mcconnell ran just before election day. >> hi, charlie. >> what do you think the possibility of congress compromising with the president stands today? >> i think that it's got to happen. i think substantial compromise, maybe not work out all the problems, maybe put some of them off beyond january 1st, but i think they have to make some real problem between now and the first of the year. >> and on the house side, it's clear that boehner is sending a message to fellow republicans in the house who have got to make extra steps that we didn't before. >> i think that's true. and i think the president has responded by saying that i'm not whetted to the idea of tax rate increases. i'll settle for more revenue if that's what i can get. >> you got senators reid and mcconnell to actually sit together. >> it was like arranging the paris pease talks or the camp david talks. it wasn't easy. >> were they as uncomfortable as they looked sitting next to each other? >> yes. >> and what did you learn from that? >> well, i think that -- what
michael vaf nau. they are both serving right now. and finally, don't waste time worrying from kim mcconnell, wife of jonathan mcconnell who served in the iraq war. we'll have more in the next hour. it's become a nice and beautiful discussion people are having online and on ireport about what they have learned if they wouldn't have otherwise known so deeply from the people who made the sacrifice. >> so often people keep those thoughts to themselves or they are sharing that with just the immediate family or friends and this is a great forum in which they can share with so many people. >> a lot of people don't know about veterans. what do you don't know about our veterans. >> thank you so much. >>> voters have sent the same balance of powe back to washington. does that mean more gridlock for the president? george mitchell is with us in the newsroom on how the sides can work together. tdd#: 1-800-345-2550 let's talk about your old 401(k). tdd#: 1-800-345-2550 you know, the one that's been lying around. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 rollover your old 401(k) to a schwab ira, and we'll
together and start hacking away and finally you had to pull the damn thing out? think of mitch mcconnell as that tree stump. there he is in the way of you cutting the lawn. he shouldn't be there. he's not growing. he's not getting any better. today mitch mcconnell did not signal a big surprise he was ready to compromise. the tree stump ain't moving. let's listen. >> the time for the president to lead is now, and that means offering a concrete plan that takes into account the fact that half the congress opposes tax hikes. not because we're selfish, not because we're stubborn, but we know it is the wrong thing to do. we know it will hurt the economy, and we know it will destroy jobs. >> you know, the nonsense behind that, guys, is that if you go by who we elect to congress deciding our national policy, then by that standard heidi heitkamp winning in north dakota means north dakota is a liberal state, and tester winning in montana means that's a democratic state or that mccaskill winning missouri -- no, that's not how we vote. we vote national ideally for the president and we have an electo
that are affected by them create the most jobs. now, senate republic leader mitch mcconnell says raises taxes on those businesses would cost 700,000 jobs. the president says we would simply return to the tax rates of the clinton years in which the economy created almost 8 times as many jobs as the administration of george w. bush. president will make his case to the public tomorrow and civic leaders on friday which is when these talks with congressional leaders come in. >> shepard: wendell goler on the north lawn. seven weeks isn't really seven weeks when you are talking about congress. lawmakers just got back to work today. then they are off next week for thanksgiving. then they will take a break for christmas and then time is up. mike emanuel is on capitol hill. one of the lawmakers back at work today congressman paul ryan. the republic vice presidential nominee. >> that's right, shep. paul ryan is expected to have a lot of clout after the elections. obviously a more recognizable name around the country. and he will continue on as the house budget chairman. ryan did not say a whole lot to r
with or unwillingness to work with the members of the other party. >> woodruff: senate minority leader mitch mcconnell sat down with the three confirmed additions to the republican conference. he said it was time to tackle the nation's problems. >> the country has extraordinarily diffult set of challenges facing us over the next couple of months. the election is behind us. we're ready to get started. >> woodruff: the most difficult of those challenges will be reaching a deal to avert a so-called fiscal cliff. starting january 1, some $500 billion in tax increases will take effect with the expiration of the bush era tax cuts and the payroll tax holiday. at the same time automatic spending cuts will hit defense and domestic programs totaling $109 billion. the spending reductions were triggered when the congressional super committee failed to reach a broad deficit deal last year. that came after talks broan down between the president and house speaker john boehner. senator collins told the newshour today that she's optimistic lawmakers can still strike a deal and stave off the spending cuts. >> so this h
, congressional leaders harry reid and mitch mcconnell discuss the chances of compromise over the fiscal cliff. oliver stone tells us about his new documentary series. that and more coming up on "cbs this morning." that is the morning news for this tuesday. i'm terrell brown. take care, everybody. have a great day. have a great day. ,,,, . >>> you're watching cbs 5 eyewitness news this morning. >>> good morning everyone. it's tuesday november the 13th 13th. i'm frank mallicoat. >> and i'm mental mri -- michelle griego. let's get a check on the weather. >>> looks like a like day coming our way. it is chilly in spots if you're heading out the door. we have rain coming in our direction. we'll talk more about that coming up. >>> and the road
revenue, if that's the -- if that's what i can get. >> yuf got senyou've got senators reid and mcconnell. >> it was like arranging the peace talk ss. it wasn't easy. >> were they as uncomfortable as they look sitting next to each other? >> yes. >> yeah? >> yes. >> what did you learn from that? >> what can you say? they don't strike me as two guys that are going to sit down in a room over a whiskey and kind of work things out. they're very locked in their way s and they are both political tacticians. that's what they do. >> they are brilliant political tacticians. they are both good at what they do in outmaneuvering one another. they're so politically far apart. why should we expect a compromise bill to happen? >> i think the future of the party of republican party very much depends on getting away from this view held by some in the public that they're just obstructionists. the other thing is that there's just too many things that are really important like the bond rating, for example. there's a lot of talk now that if they don't work something out we're likely to
through in some places, they're not breaking through everywhere. mitch mcconnell, not minority leader, still sounds much like he sounded when obama was first elected. he doesn't sound as if he's ready to compromise. and business leaders are now saying we're ready to fix the debt problem. i want business leaders to start a campaign that says i'm ready for the president to raise my taxes. that's where they could have some real influence with the republican party i think. so when business leaders get ready to say that, i think compromise a fair and balanced compromise could be close. >> well, we didn't want business leaders to have that campaign in quiet rooms. congresswoman, cynthia, thank you so much for your time tonight. coming up, inside the petraeus investigation. we're learning much more about the two women at the center of it. nbc's national investigative correspondent meichael isikoff joins us. plus karl rove under fire from the billionaire boys club. and a new video showing president obama behind the scenes with cam been staffers. you will want to see what happens in this one.
. and rand paul who is very close to mitch mcconnell who runs the republican party in the senate. he told us he's going to start pushing for more lax marijuana laws, going to start pushing for a pathway to citizenship on illegal immigration. he said that this tea party conservatism that brought him power and some fame needs to recalibrate too and they need to use this libertarian strain to start to reach out to people in cities, in the northeast, they can't be a one-region party. again, it's not just bobby jindal, it's across the board where you have prominent, influential republicans re-thinking what it means to a republican. and that is, i think that is the one silver lining for the republican party from the results last week. >> by the way, jim, that's a big, big silver lining. a big silver lining. this is a party, this wasn't a goldwater type wipeout. it was a couple of percentage points in the popular vote. you have a president whose campaign team was brilliant and they outmaneuvered the republicans tactically in nine states. no doubt, we were out of touch with voters on issues, but it
, suggesting that 2013 would be the fifth straight trillion-dollar deficit. mitch mcconnell says higher taxes won't solve that problem. >> this is partisan politics. this is not an option. raising tax rates would destroy 700,000 jobs >> reporter: on this day, the president met with labor and progressive leaders since the day after his re-election that he opposed cuts to medicare and social security benefits. >> the president is committed to making sure that the middle class and the workers are paying the tax for parties we didn't get to. >> reigning in cost of medicare and medicaid is essential to controlling the deficit. mr. obama offered $34 billion a year in savings. republicans don't think it's enough. and they're demanding to be part of the solution. >> the venters also -- the voters also have republican controlled house and closely divided senate. in a government of three equal branchs, that is hardly irrelevant. >> at the white house, despite the seeming impasse over the bush tax cut, carney insists there is flexibility dealing with the deficit. >> i don't think the president is in a p
the president re-elected but senate minority leader mitch mcconnell surprised no one by disputing the idea that any mandate exists on this issue saying "if the president truly realizes that he was elected to represent all of its citizens, not just the ones who voted to give him a second term last tuesday, then he will seek the common ground he avoided so strenuously in his first term." paul ryan went even further on a local wisconsin television station last night. he said that the american people had not rejected his budget ideas and that, in fact, it was just a certain group of voters that cost him the election. >> i don't think we lost it on the budget issues. i think people, especially on medicare, we clearly didn't lose it on those issues. i think the surprise was some of the turnout. some of the turnout especially in urban areas which definitely gave president obama the big margin. >> jennifer: darn, they must not have suppressed enough votes. fine republicans you keep believing it was urban turnout and not your bad ideas
the majority leader, mitch mcconnell to do a select committee. why do you need one? the state department is under the foreign operations committee foreign relations committee oversight. department of defense is under armed service. if you have three different committees interviewing people separately we won't know what one group will significant sailing. so we should form a committee over department of defense, department of the state and the c.i.a. and ask questions and have a professional approach to this. i think congress would be making a huge mistake, let three committees go off by themselves and not coordinate. >> greta: senator harry reid, his view on a select committee is what? >> i don't know. i don't believe you can get to the truth in a professional way. when you talk to the c.i.a., also you want to talk to the defense, why were these people left hanging for eight hours. the c.i.a., why did you not get ready for an attack people were telling you. state department, god knows how many times did you fail the people in benghazi. i wanted one committee asking questions of all these
with john boehner and republicans and mitch mcconnell in the senate to try to, you know, tackle a few big things. i think one of the things my, the other guest said, which is just fallacious and wrong and shouldn't be repeated is that the idea that the raising rates on people over $250,000 is going to hit a majority of small business owners. >> simon, y a small business. you're a policy wonk. >> you keep saying it doesn't make it true. 97% of small business owners will be exempt from it. >> you have no clue. >> i'm going to finish. the i'm going to finish. under bill clinton we raised taxes on rich people. saw the biggest economic boom in american history. under george bush we lowered taxes on rich people go into economic ruin. >> this is problem with people with no connection. >> i'm going to i'm going to finish i'm going to finish. so there is not, based on our own experience a direct connection between raising rates and on wealthy people and economy going, going down. in fact the opposite happened. and so you can keep saying it doesn't make it true. rick: go ahead, pete. >> simon you h
described the tactic in the fiscal cliff negotiations as sort of a game of good cop/bad cop between mcconnell and john boehner. can you help explain that? >> mitch mcconnell who runs the senate republican caucus, he's definitely playing the role of the bad cop in that he does not want to compromise at all on tax cuts, has taken a much more hard-line approach, has the bulk of his time talking to "the wall street journal" editorial page, basically speaking to the base. where you have speaker boehner talking in much more conciliatory tones and talking about getting a deal. i think that's going to be the dynamic. mitch mcconnell is up for re-election in 2014. in a very conservative state where it's not inconceivable the tea party would run somebody against him if he does not take a hard-line approach. people need to remember that as these negotiations unfold. for boehner, he wants a deal. i do want to comment a second on the interview you had with paul ryan. ryan might not think that there is a mandate, but the president does, congressional democrats do, and the public does, if you look at pollin
corker, lamar alexander, keep mcconnell out of it, do it with 65, 70 members of the senate, cut the deal, bring it over to the house, box -- which boehner secretly might want to be boxed in, by the way, box boehner in maybe it goes down the first time, a la t.a.r.p., we will see did the president learn anything from his first term how to deal with congressional republicans, don't do it through the leadership? >> house gop fall in line, a tough conference call with him. i want to bring in jim crimer are, host of cnbc's mad money. he is in new york. we see in the course of the campaign a lot of corporate ceos could become natural allies of the president. what he a resolution to this fiscal cliff business business. >> they have to, david, can give the wrap a recession by christmas, we can set it right into place without some agreement. the ceos have, in many ways, mo tore lose than anybody, why the market got hit this week and the market will continue to be hit until year end or an agreement. >> explain further what the economic consequences are. what do you hear on wall street and among co
speaker boehner and senator mcconnell and others on the republican side is this whole disingenuous problem that you can solve the problem by closing loopholes. most of those don't touch the wealthiest americans. unless you're willing to deal with rates, capital gains, dividends and the highest marginal rate, you don't really touch the very wealthiest americans by dealing with home mortgage deductions, certainly the eitc or the child tax credit. those are where the biggest sources of tax expenditures are. i think it is going to be a tough sell. although, on the other hand, i do believe there are a lot of republicans who understand that this no taxes, the grover norquist pledge, issing this that is preventing real progress from being made. people like scott riggle from virginia who's pluckily renounced the pledge, i think there's a possibility we're going to see yield with a number of members. and if up to 70 republicans say we want a deal on this topic, they'll get plenty of help from our side. >> there's been talk about nancy pelosi and the speculation that she's going to step down as mino
mcconnell, house speaker john boehner and nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all top choices. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things average democrats and republicans say they agree on, other, they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. we've got to come up with at least $4 trillion of deficit reduction and that's not the maximum amount we need to do
with the president. i'm sure mitch mcconnell will be very closely involved in the discussions with leader boehner. >> you don't believe a deal should come out of the senate and then be introduced in the house? >> well, i think the elections are over. we need to find solutions to help our country move forward in a positive direction and as the chairman of the joint chiefs of staffs says the biggest threat to our national security is actually our debt. we need to get this spending under control and get people back to work. >> i want to talk about this issue of taxes and tax rates and get you to respond to something from not exactly someone who is known as a liberal thinker here. take a listen. >> it won't kill the country if we raise tax as little bit on millionaires. it really won't, i don't think. i don't know why republicans don't take obama's offer to freeze taxes for everyone below $250,000. make it $500,000, make it a million. the republican party is going to defend a bunch of millionaires, half of whom voted democratic and half of whom live in hollywood? >> so, i ask you the question that bi
Search Results 0 to 49 of about 79 (some duplicates have been removed)

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